The 618 Bees blog
Practical guides to starting, running and protecting your business in Nigeria. Find the answers you need, wherever you are in your business journey.
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The Companies and Allied Matters Act Cap LN 2020 Sec 834 provides that Where a body or association intends to replace some or all its trustees or to appoint additional trustees, it may by resolution at a...
Financial statements are records of the financial activities of a company over a period of time. At the end of every financial year, the director of a company is required by the Companies and Allied Matters...
According to the Family Firm Institute, family-owned businesses account for two-thirds of businesses worldwide, making them essential for both economic growth and job creation. So how can one make a family...
Section 832 of the Companies and Allied Matters Act allows for the change of the name of an incorporated Trustee. A church is registered as an incorporated Trustee under the provisions of the Companies and...
The amendment of the constitution of your Association/Foundation/Non-Profit is done by a resolution passed by a simple majority of the members and approved by the Corporate Affairs Commission (CAC). The...
The value of investing in legal advice for your business cannot be underestimated. By receiving proper legal advice early on in the business life cycle, even when you’re a startup, you could potentially make...
There are three compliance filing mandatory for all Non-profits organisation to file under the Companies and Allied Matters Act (CAMA) 2020, and they include the Bi-Annual Returns (Filed in July and January...
The procedure for dissolving or closing down an incorporated Trustee/Non-profit organization in Nigeria is provided for under section 850 of the Companies and Allied Matter Act 2020 (CAMA). Organizations...
It is pertinent to understand what crypto currency is all about. Simply defined, crypto currency is the buy and selling of digital assets via exchanges. Examples of crypto currency is bitcoin, Ethereum,...
The Money Lenders License granted in Lagos to lenders is only for a period of one year. Each License is usually valid until the 31stof December each year hence the lender has to renew their lenders license...
Do you have plans to start a new business this year or you already started one this January? Whatever your plans are, I am sure you are excited about your business idea. As you put plans in place to begin...
The year 2020 has been tough for businesses the world over and while working procedures and processes may have changed or become adjusted to accommodate these challenges, statutory filings and compliance for...
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